Washington: Treasury Secretary Janet Yellen is set to visit Beijing this week, the United States said Sunday (Monday in Manila), marking the second trip by a cabinet official to China since ties between the world's top two economies deteriorated earlier this year.
Yellen is expected to discuss with her counterparts the importance for both countries 'to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges,' said the Treasury Department in a statement.Yellen's planned July 6-9 trip comes just weeks after Secretary of State Antony Blinken met China's top leader President Xi Jinping and Foreign Minister Qin Gang in Beijing in June.
Washington also looks towards 'healthy' ties with Beijing and does not seek to decouple the economies, while pursuing cooperation on urgent challenges like climate change and debt distress, the American official said.The United States does not expect 'significant breakthrough' from this initial trip, but it does aim to build longer-term channels of communication with China, the Treasury official added.
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